Top 25 Bank Interview Questions
Nervous about your Bank Interview? Don’t Worry! Here are the Top 25 Bank Interview Questions commonly asked in all Bank Interviews. Whether you are preparing for IBPS, SBI, ICICI, or any other Bank interview, these Mostly Asked Bank Interview Questions will surely help you clear the banking interview.
It takes a lot of hard work and determination to earn a job in the banking sector. You need to possess certain professional qualifications & skills such as aptitude, dedication, sincerity, responsibility, academic qualifications, etc. Check out the Top 25 Bank Interview Questions and Answers to clear your upcoming Bank Interview.
Things That Can Be Plus Point For You:
During the interview, your behavior/ your facial expression/ your way of talking/ your body language, and your confidence all these things are judged by interviews. So you need to take care of all these things.
To cover further information about Personal Interview and Top 25 Bank Interview Questions, individuals need to scroll down the page which is well structured by the team of www.recruitmentinboxx.com
Top 25 Bank Interview Questions
Question-1: Brief me about yourself?
Answer: Start your answer with your name, place of residence, and your current work or educational degree along with a very brief note on your family-father, mother, and siblings. Do not give a long introduction.
Question-2: Why do you want to join the banking industry?
Answer: You can simply say that I want to join this industry because it will provide me with a stable career with good growth prospects. It provides career opportunities and obviously it is one of the fastest-growing sectors of our nation.
Question-3: Please tell us about your strength and weaknesses?
Answer: Try to leave a good impression on interviewers with your answer and tell them about strengths that will be useful in the banking sector like good communication skills, ability to adjust to a new environment, etc.
Do not say that I don’t have any weaknesses; tell them about your not-so-negative weaknesses like being over-friendly and so.
Question-4: Where have you come from and what is famous in your city?
Answer: Tell them about the city and remember one thing do not speak anything bad about your place. Always share some good things about your city in front of interviews.
Question-5: What are the various risks that banks face?
Answer: Sir, there are mainly three types of risks faced by banks:-
- Credit Risk: – loan or NPA.
- Market Risk: – Money invested in the market.
- Operational risk: – Day-to-Day working risks.
Question-6: What is the difference between a cheque and a demand draft?
Answer: Cheque is a negotiable instrument that is paid to the bearer but a demand draft is a negotiable instrument always payable on order.
Question-7: What are your career goals? Where do you see yourself five years from now? Ten years?
Answer: Be realistic while giving the answer. One or two management jumps in three to five years are looking reasonable. Tell them about the senior positions like senior management in ten years is okay to mention.
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Question-8: What is Para Banking?
Answer: Para Banking includes all the services provided by banks apart from day-to-day banking. For example: – Debit cards, Credit cards, Life Insurance products, Cash Management services etc.
Question-9: If you get more salary other than my company will you go for that?
Answer: Don’t lose your smile while explaining your words; give a suitable answer like it is the experience, not the salary that matters to get the peak.
Question-10: What is a recession?
Answer: Significant declines in activity across the economy, lasting longer than a month. It is visible in industrial production, employment, real income, and wholesale-retail trade.
The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP).
Question-11: What is the Bank rate?
Answer: Bank rate is the rate of interest that the central bank charges on the loans and advances to a commercial bank. Whenever a bank has a shortage of funds it can typically borrow it from the central bank based on the monetary policy of the country.
Question-12: How are you different from the rest of the candidates?
Answer: This is a very obvious question and you should expect it anytime. Your answer should be my ambition, outstanding academic qualification, long experience, vast knowledge; great problem-solving ability and sharp analytical skills make me different from the rest of the others. If you like it then you could add more to it.
Question-13: Have You Worked Earlier? If yes then why did you leave that Company?
Answer: If you are a fresher then say simply no I haven’t. This is my first job. But if you have worked somewhere then you should explain why you left the previous company. Your answer should be the previous company was not the right place for me because of the work environment.
Question-14: What is the CAD? What is a Fiscal deficit?
Answer: CAD or current account deficit is the difference between the imports and exports of a nation in one financial year whereas fiscal deficit is the difference between total revenue and expenditure of a nation.
Question-15: Please discuss your views about the changes in Banking Scenario?
Answer: If you had studied the scenario of banking at the Regional, National, and International levels then you will surely give a suitable answer. First, understand the question then discuss your words.
Question-16: How do you Handle Pressure?
Answer: Tell them about your traits that are relatable to the question asked. Share your past experience (if any) and convince them with your answer.
Question-17: What do you understand by the GDP of the country?
Answer: The final value of all the goods and services produced under the geographical area of a country is the Gross Domestic Product of that country. GDP is calculated at consumption, investment, and exports, and imports are subtracted from the sum of these three.
Question-18: What is the Statutory Liquidity Ratio (SLR)?
Answer: SLR is the amount of NDTL that a bank needs to maintain in the form of cash, gold, or govt. securities before providing credit to its customers. Through SLR, RBI makes sure that banks always have a reserve amount out of their deposits to meet any future contingencies
Question-19: What is Term Repo?
Answer: Under term repo, RBI lends to banks through the auction of funds. The minimum interest charged has to be above the repo rate and there is no limit for the maximum interest rate because the auction is made on the rate of interest.
Question-20: Do you have any health Issues – Mental or Physical?
Answer: The company would like to know whether you are mentally sound or not. Your obvious answer should be you are absolutely fine. You do not have any issues regarding your mental or physical health. You should be just honest.
Question-21: What is your salary expectation?
Answer: Here you should not shy away while telling your expectation. However, you should never ask about the salary during the interview. Let them ask about it. You should give a decent amount as per the company standard. Your expectation should not be too much that the company can’t pay.
Question-22: What is your best achievement so far?
Answer: Tell them about your best achievement, don’t be fake sound. And mention your achievements in your CV as well such as excellent marks in studies, certificate/ trophy in sports, etc.
Question-23: What are Treasury Bills?
Answer: Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity.
At present, the Government of India has three types of treasury bills through auctions, namely, 91-day, 182-day, and 364-day. There are no treasury bills issued by State Governments.
Question-24: You seem to be over-qualified and too experienced for this job. What do you have to say?
Answer: Well! You should reply I would be more than happy to do this job even if I am over-qualified which I am not. Your answer should be neither I am too experienced nor over-qualified. I think I am absolutely fit for this job. Keep it simple.
Question-25: Do you have anything to ask us?
Answer: You could ask one question when I have to join the company and start my work. I myself and many others asked this question. If you have any doubts then you could ask without hesitating.
The main motive behind conducting the personal interview round is to check the skills, knowledge, and confidence level of aspirants. During the interview, candidates need to take care of very small things like their behavior, pitch of voice, facial expression, and others.
How to Crack Bank Interview?
- Being punctual and showing your seriousness towards the meeting.
- Try to reach the interview place 15 minutes in advance in order that you’ll rest and obtain yourself able to deal with the questions.
- Dressing nicely contributes to your self-worth – this contains, nice outfits, footwear and well done hair.
- Enter the interview room with a smile on your face and be confident.
- Always sit in good body posture.
- Do not raise your voice in front of interviewers.
- Answer questions clearly and confidently
- Do not argue with the interviewers.
- Try to remain calm and composed even when faced with provocative questions
- Try not to get into long-winded explanations and answer to the point.
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